All Blog Posts Tagged 'GBPUSD' (724)

Outlook in GBPUSD remains neutral with risk to the upside as long as 1.5342 support holds on a daily closing basis , but the pair has printed resistance at the 1.5428 levels yesterday . What’s that supposed to mean ?!!!!

Sustained breakout – daily closing above the 1.5428 levels will expose the 1.5551 levels and open the 1.5620 levels , a halt is likely but a break would open 1.5785 next , further upside will target 1.5941 levels …

Outlook in GBPUSD remains neutral with risk to the upside as long as 1.5342/1.5393 support holds on a daily closing basis , resistance comes at the 1.5539/1.5619 levels , a halt is likely , but a break would 1.5785 next , further upside will target the 1.5941 levels ..

On the downside , support comes at the 1.5393 levels ahead of the 1.5342 levels (main) , losing the 1.5342 levels on a daily closing basis will suggest short term topping and reverse risk to the downside towards the…

Outlook in GBPUSD remains on the upside as long as 1.5342 /1.5414 support holds on a daily closing basis , resistance comes at the 1.5540 levels , a halt is likely but a break would open 1.5700 next , further upside will target the 1.5880 levels .

On the downside , support comes at the 1.5414 levels , losing this level should weaken the current bullish run for retesting main support at the 1.5342 levels before the next rise , however ; sustained breakout – daily closing – below…

Outlook in GBPUSD remains on the upside as long as 1.5342 /1.5414 support holds on a daily closing basis , resistance comes at the 1.5540 levels , a halt is likely but a break would open 1.5700 next , further upside will target the 1.5880 levels .

On the downside , support comes at the 1.5414 levels , losing this level should weaken the current bullish run for retesting main support at the 1.5342 levels before the next rise , however ; sustained breakout – daily closing – below…

Initial price action Monday continued the setback from last week's top. But this downside was, expectedly, temporary and found fresh demand near the key 13 day moving average. This resulted in strong buying that produced the highest closing level of the month. Asian trading has seen a modest reactive move but sentiment is positive with potential to 1.5481 and 1.5519.

Outlook in GBPUSD remains neutral at the moment , the pair is in recovery mode in medium term outlook , support comes at the 1.5351 levels ahead of the 1.5222 levels (main) , resistance comes at the 1.5539 levels . At this point I’d expect strong resistance from the 1.5339 levels to limit rise from 1.4950 and bring fall resumption , however ; sustained breakout – weekly closing – above the 1.5539 levels will extend recovery towards the 1.5785 /1.5941 levels before the next fall..

A trend of higher weekly CABLE lows which have been posted since January’s 18 month base at 1.4951 and a weekly close above the 13 day average rate kept last week’s signals pointing higher. These were confirmed as the sequence of higher weekly lows has been extended to 3 and with gains of almost 2 Big Figs. There is no sign that the demand to buy dips is ending so we continue to look to the topside with potential to 1.5560 or even 1.5621.…

Against a background of positive signals for sentiment for this week, yesterday saw a return of buying interest. After 2 days of decline the trend defining 13 day moving average was untested and buyers emerged around the 1.5200 level. Monday’s net fall was regained but the highs were not maintained and Asia has attracted some further downside. Nonetheless, temporarily and cautiously, sentiment is assessed as positive and so our call is Cautiously Bullish while above 1.5197, yesterday's low.…

UK shows a good start in 2015 by releasing good PMI figures for January. Markit Manufacturing PMI was 53.0 (consensus 52.6) from 52.7 (0.3ppt up), PMI Construction was 59.1 (consensus 57.0) from 57.6 (1.5ppt up) and most importantly Services PMI was 57.2 (consensus 56.3) from 55.8 (1.4ppt up). Manufacturing growth figure shown on 2014 GDP Q4 is weak so a better than expected Manufacturing PMI is probably a good news to UK economy. Service PMI is doing good as well…

Like EURUSD this week's signals highlight a lack of clear immediate signals for sentiment. This was confirmed by limited net movement yesterday and similar ranges to Friday’s indecisive trading. So, despite remaining under the 13 day average and the Keltner channel being bearish, immediate studies have to be assessed with caution. Nonetheless lower levels in Asia keep the focus on the downside with potential to 1.4989 or even 1.4951. The risk level is currently assessed as…

UK released the first estimate of GDP on Tuesday, showing a disappointing 0.5% growth (consensus 0.6%). The annual growth of UK is 2.6%, which is a big miss from the November Inflation Report estimation, which is 3.5%. It also confirmed that UK lost the crown of being the fastest growing G7 economies, with US beating her with 3% annual growth. The service sector in UK is still the most contributing segment to the whole UK economic growth, while industrial output and construction did nothing…